MTBC--The 4% Medical Billing Company - Announces 4¢ Medical Transcription

SOMERSET, N.J.--(BUSINESS WIRE)--July 14, 2004--Medical Transcription Billing, Corp. announces a new plan to offer medical transcription services at only 4 cents per line to all physicians who use MTBC's 4% Medical Billing services.

MTBC's new 4-for-4 plan is designed for physicians who are interested in a comprehensive billing solution as well as a secure and reliable transcription service. MTBC's 4 cents transcription services will include all of the features currently offered at the 8 cents per line fee, but at half the cost. The 4-for-4 plan includes a toll-free number and a secure Personal Identification Number (PIN) for the physician to dictate the work. The transcription work is completed and emailed back to the physician within 24 hours.

"MTBC's 4-for-4 plan offers physicians a complete practice management solution," explains MTBC's President, David Rosenblum. "The 4-for-4 plan includes comprehensive billing and patient management features which will help the physician spend more time with patients and less time with paperwork."

Accredited Dermatology will also benefit from MTBC's on-line patient scheduling, reporting, and integrated EMR package. MTBC EMR program is scheduled to be released in the coming month and will allow the office staff to spend more time with patients and less time with paperwork. David Rosenblum, President of MTBC, explains that, "MTBC EMR will benefit practices of the size and scope of Accredited Dermatology, as well as smaller practices and solo practitioners.It will offer physicians real-time connectivity and unprecedented access to both their billing and patient information, while saving practices time and money.

"MTBC's 4% medical billing services are comprehensive, including patient scheduling, immediate on-line eligibility verification, electronic claim submissions, follow-up and appeals, electronic remittance advice (ERA) and electronic funds transfer (EFT), as well as patient billing. In addition to 24/7 Internet access to information on scheduling, patients and billing, MTBC also provides customized superbills and other office forms, practice analysis and financial reporting to its medical billing clients. Proprietary software tracks each claim through the entire billing process - from the moment a patient is scheduled, until payment is received - reducing the cost of overlooked claims. To view a demo of MTBC's services please visit http://www.mtbc.com.

Safe Harbor and Forward-Looking Statements

This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions of MTBC (the Company) that involve risks and uncertainties.

Contact:

Stephen Snyder, General Counsel
Medical Transcription Billing, Corp.
Telephone: (732) 873-5133
Fax: (732) 873-6858
ssnyder@mtbc.com

<<Business Wire -- 07/14/04>>